UPDATES ON OCT 1 2008

OCT 1 WEDNESDAY

COPPER

Copper tumbled to an 18-month low, heading for its worst

quarter on record, on concern that a spreading financial

crisis will stifle global growth and slash metals demand.

Copper futures for December delivery sank 3.8 cents, or

1.3 percent, to $2.8685 a pound at 11:55 a.m. on the Comex

division of the New York Mercantile Exchange. Earlier, the

metal touched $2.765, the lowest since March 12, 2007.

Copper has tumbled as the U.S. housing slump has deepened.

Builders are the biggest users of the metal, accounting for

about 46 percent of demand, according to the Copper

Development Association.

On the London Metal Exchange, copper for delivery in three

months dropped $70, or 1.1 percent, to $6,370 a metric ton

($2.89 a pound).

ALUMINIUM

Aluminium was the only base metal in the positive territory

despite a big jump in the inventory levels over the past few weks.

Aluminium has support at $ 2400 and resistence at $ 2600.

Aluminium has support at $ 2400 and resistence at $ 2600.

NICKEL

Nickel tumbled to its lowest level since April 2006

and was last at $ 15999 a tonne versus % 16400 on Monday.

Nickel has support at $ 15500 and resistence at $ 18000.

LEAD

Lead fell to $ 1775 / 1790 versus $ 1830.

Zinc

Zinc fell to its six week low before bouncing back to

$ 1775 /1790 .It has support at $ 1700 and resistence at

$ 1900.